Quarterly ResultSep 28, 2026, 06:10 AM
Westin Acquisition Corp Q1 2026 Assets $58.7M; Net Loss $0.38M
AI Summary
Westin Acquisition Corp filed its 10-Q report for the period ending March 31, 2026. The company reported a significant increase in total assets to $58.72 million, primarily due to cash and marketable securities held in trust. Total liabilities also rose to $2.81 million. The company incurred a net loss of $0.38 million for the quarter. The filing details the company's formation, IPO, and private placement activities, along with its ongoing efforts to complete a business combination within the stipulated timeframe.
Key Highlights
- Westin Acquisition Corp reported total assets of $58.72 million as of March 31, 2026, a significant increase from $0.2 million as of June 30, 2025.
- Total liabilities increased to $2.81 million as of March 31, 2026, from $0.18 million as of June 30, 2025.
- Shareholders' equity stood at $4.17 million as of March 31, 2026, compared to $0.016 million as of June 30, 2025.
- Net loss for the three months ended March 31, 2026, was $0.38 million, compared to a net loss of $0.009 million for the period ended June 30, 2025.
- Cash at the end of the period was $0.36 million as of March 31, 2026.
- The company incurred $0.088 million in administrative fees for the three months ended March 31, 2026.
Price Impact
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